Data snapshot: Thanks to Swiggy’s mega-deals, restaurant marketplaces lead India agrifoodtech funding
Led by Swiggy, Restaurant Marketplaces raised $1.95 billion in FY22, scooping up the most funding of any agrifoodtech category.
Led by Swiggy, Restaurant Marketplaces raised $1.95 billion in FY22, scooping up the most funding of any agrifoodtech category.
Meanwhile, collaborative investment platform FoodShot Global announced the winners of this year’s esteemed GroundBreaker Prize.
Meanwhile, it’s more bad news for food delivery, with a quick-commerce startup shutting down and a major service leaving Australia.
Ostara closes $70 million round and more than one vertical farming startup ceases operations.
Local Bounti raises new funds for indoor farming while Bill Gates and others start a new venture to decarbonize rice production in Asia.
Investors poured a record-breaking $15.2 billion into Asia-Pacific agrifoodtech startups in 2021; in 2022, the region continues to break records.
Bread-baking robots get funding, GM invests in MycoWorks and Smart Asset raises new capital for its precision-spraying tech for orchards.
Meanwhile, Estonia-based FlyFeed lands funds to build insect farms and more delivery robots head to university campuses courtesy of Grubhub and Starship.
African Agrifoodtech investment deals in 2021 were dominated by seed stage deals, which took 80% of 150 deals recorded.
Canada’s Elevate Farms got a fresh injection of capital for its indoor farming business and Gourmey raked in funds for its cultivated foie gras ambitions.
A look into the flow of venture capital into the agrifootech industry shows Launch Africa, Flat6Labs Cairo led in financing startups
Front-of-house restaurant software startup Zenchef cooks up new financing and Land O’Lakes’ Truterra arm lands a grant from the USDA.
The Africa Agrifoodtech Investment Report 2022 by AgFunder, FMO and BII reveals that $482.3 million was invested into the agrifoodtech industry in 2021
France’s Capagro launches $200 million agrifoodtech fund, Gotham Greens lands $310 million, and animal-free cheese developments proliferate.
Two Boston startups welcomed new executives and McDonalds got a new chief impact officer.
An eGrocer bagged new capital, Uber and Nuro struck a major deal, and one company legally served foie gras in California.
The deal strengthens the companies’ business model of selling surplus and ‘ugly’ foods to consumers at discounted prices.
Carbon-neutral milk company Neutral Milk closed a Series A round and a few different cultivated meat startups reached new milestones.
Layoffs, cuts, and reorganizations continue across the foodtech industry, especially for restaurant-related businesses like Sweetgreen and Deliveroo.
New York is the most diversified investment landscape with a greater mix of upstream and downstream agrifoodtech startups.